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CheckSavers Merchant Services

CheckSavers - for the merchant...

The most popular payment method for online transactions presently is Credit Cards even though this system has inherent problems of security and fraud. However, approximately 80 million US consumers do not even possess a credit card, which means that online businesses lose millions of dollars in lost sales every year because quite simply, they are unable to do business with this huge section of the consumer marketplace. In the US, the preferred non cash payment method is still the Check, demonstrating that people prefer to pay by check over credit and debit cards.

Up to now, the problem has been that online businesses have had no real alternative to offer the consumer, as credit card payment has always been considered to be the norm and simplest solution. CheckSavers is redefining all of the rules.

Why CheckSavers makes perfect sense for merchants..

1

Any return for NSF not settled by the account holder within 30 days immediately attracts up to 3x the value of transaction, and becomes immediately collectable.

2

CheckSavers provides images of all returned items independent of the Merchant's bank.

Merchants can forecast operating costs of their business. Accounting modules provided in gateway

6

Returns are only possible for insufficient funds (NSF) or fraud.

7

Full reporting gateway English (with Spanish coming soon).

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No Chargebacks

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Low rates

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Fast Settlement times, usually 0-1 days.

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This is NOT another ACH Solution

12

Government agencies have already signed up to this service - endorsing the validity of this product.

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CheckSavers accesses 15% more consumer accounts and up to 80% more business accounts than any other check processing model meaning access to a greater client base.

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More customers, more sales. Anyone who has any kind of bank account in the USA can use CheckSavers to make payment.

Why CheckSavers?

What is the Difference...

How much thought have you ever really given to credit card payment schemes and what do they really mean to a merchant?

Clearly there are benefits to merchants who accept the multitude of different cards types in the course of their day to day business. With the covnveniences afforded by that small piece of ready to use plastic, can there possibly be any downside? Lets explore the the real nature of credit card schemes...

The upsides:

1

You believe that credit cards are the largest non-cash payment method currently utilized today.

2

Card holders can gain points or rewards on their cards which encourages them to spend spend spend.

3

There are facilities which allow for all manner of payment environments, both card present and card not present - clearly this product is versatile.

4

There is an abundance of different providers to choose from, and so you can be assured of competitive rates.

5

The card holder does not have to clear their credit card debt until the end of the month, unless they have a minimum repayment model which allows them greater time to repay.

6

Payment appears to be quite rapid with merchants getting their funds within a very short period.

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Any business worth its salt has a merchant account accepting all credit cards.

8

Immediate authorization codes means that the merchant is guaranteed to get their money.

9

Many people carry credit cards and enjoy the convenience of having them to hand. This is clearly a winner for merchants.

However, did you know as a merchant you are the one who gets penalized almost exclusively, and here is how they do it:

A merchant is only guaranteed their funds IF the client does not charge back the transaction. Clients chargeback for many different reasons, from being unhappy with the service, to simply not recognizing the transaction on their statement. They can do for typically up to 6 months, but as many as two years!

Banks make it all too easy now for clients to dispute a transaction and then you the merchant has to fight to prove the transaction was legitimate and that the money is rightfully yours. All the time, the funds sit in the client's account and not yours!

Although the payment appears rapid, you will see that in reality, cleared funds are not available for several days.

You feel that you may get a fair 'discount' rate - maybe 1.9%, for example. Did you know that this rate only applies to those transactions which 'qualify' for this rate? In fact only about 5% of all cards will attract the rate at the top of your agreement - all the others will be 'mid' or 'non' qualified and therefore you can expect to pay as much as 4% in some cases. This is a fact. There are 86 pages of different card types in the USA today. Corporate cards, business cards, rewards cards . . be wary of them because these are the ones that cost you.

As a business taking credit cards, you cannot forecast your budget, because you simply have no idea what your fees are going to be each month. It's simply impossible.

Merchant can make their own refund / rebate arrangements or Check Savers can provide this service through our secure check production center. It works with any bank in the USA. API function as well as manual.

Merchants can batch upload all out-going payments which will be dispatched in physical check format on highest security check stock. Auto Email notification of refund to clients so they know when a refund has been dispatched.

A Typical Schematic for Larger Companies

Useful Information

How much does it cost?

About CheckSavers

The model is priced as follows...

1

Competitively priced transaction and discount rates to save you money.

2

NO charges for declines.

3

Fraud scrubbing (includes Star ATM, negative check writers database, check current open status of account, check positive balance) - From $0.15 this is priced at cost and therefore is not negotiable. This service is optional.

Refunds cost are low. The CheckSavers refund mechanism is robust and can also be used as a bill pay tool.

Payment Guarantee

1

We have found that taking the pain away from unscrupulous clients making chargebacks or writing bad checks is what our clients wanted, and so we are proud to bring you this very effective and valuable service.

2

This means, even if there is NO money in their account, you STILL get paid. And what's more, you don't have to do anything to get this money.

3

As long as we reveal the check writer to have no bad history, we will underwrite that check, and then no matter what happens, you will get your money.

4

This service will check your client's bank account to assess if the person is a known bad check writer. If the system reveals your client has a history of writing bad checks, then we won't even allow you to take payment from them, so that you don get stuck with a bad payment.

5

For a small additional fee, we can guarantee that you will get your money.

6

CheckSavers now provides a payment guarantee service.

System Features

Making a check payment through CheckSavers

1

Importing Data from QuickBooks

Simplify the setting up of your account by importing data from QuickBooks.

2

Adding Payees

Add an individual or a company as a one-time Payee or to schedule multiple payments.

3

Adding Bank Accounts

Add your bank accounts to your profile so money goes from the account you specify saving you moving money around.

4

Making payments

Make single or recurring scheduled payments, or Cancel pending payments.

Note: *Optional
Note: **98.97% of all returns occur within 60 days. Stats from 2009 to May 2016.

The Benefits for you

Payments like a credit card but with none of the drawbacks!

What Check Savers can offer your business

1

Only some of the numerous benefits...

Customer Reach

CheckSavers can debit every US checking account - in some cases even those accounts that ACH cannot debit. Such accounts include accounts at many Credit Unions, S&Ls, Small Banks, Brokerage Accounts, Business Accounts and Credit Card Check Accounts. In fact, CheckSavers will give you access to more customers than any other single payment method.

2

Only some of the numerous benefits...

Limited Chargeback

One of the biggest problems with Credit Card usage is fraudulent use where a customer denies ever receiving goods or placing the order. With CheckSavers, customers cannot simply chargeback, so merchants can be much more confident about sales

3

Only some of the numerous benefits...

Improved Cash Flow - Cleared Funds in 2 days

Want money from your sales faster? CheckSavers provides the cleared funds within 24-48 hours in your account. With faster clearing and availability, the merchant's risk is reduced and cash flow is improved.